Jack Henry & Associates (NASDAQ:JKHY) Research Coverage Started at KeyCorp

KeyCorp started coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report issued on Monday, Marketbeat reports. The firm issued an overweight rating and a $190.00 price target on the technology company’s stock. KeyCorp also issued estimates for Jack Henry & Associates’ Q1 2027 earnings at $1.98 EPS, Q2 2027 earnings at $1.75 EPS, Q3 2027 earnings at $1.74 EPS, Q4 2027 earnings at $1.71 EPS, FY2027 earnings at $7.18 EPS, FY2028 earnings at $7.88 EPS and FY2029 earnings at $8.65 EPS.

Several other equities research analysts have also recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. Wolfe Research raised their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Piper Sandler started coverage on shares of Jack Henry & Associates in a report on Thursday, September 10th. They set a “neutral” rating and a $171.00 price target for the company. Finally, Barclays increased their price target on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.18.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $158.98 on Monday. The firm has a market cap of $11.15 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.75 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s fifty day moving average price is $158.05 and its two-hundred day moving average price is $151.24. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. The firm had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, research analysts expect that Jack Henry & Associates will post 7.33 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, September 4th. Jack Henry & Associates’s payout ratio is currently 35.01%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Essential Partners LLC increased its position in Jack Henry & Associates by 65.8% during the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after purchasing an additional 73 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after purchasing an additional 236 shares during the last quarter. Clearstead Advisors LLC lifted its stake in Jack Henry & Associates by 64.1% in the 4th quarter. Clearstead Advisors LLC now owns 325 shares of the technology company’s stock valued at $59,000 after purchasing an additional 127 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Jack Henry & Associates in the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates News Summary

Here are the key news stories impacting Jack Henry & Associates this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “Outperform” rating and set a $178 price target, implying approximately 12% upside from the referenced $158.98 level. The reaffirmation supports investor confidence in Jack Henry’s outlook.
• Positive Sentiment: KeyCorp initiated coverage with an “Overweight” rating and a $190 price target, representing roughly 20% potential upside. KeyCorp projects earnings per share of $1.98 in Q1 2027, $1.75 in Q2, $1.74 in Q3 and $1.71 in Q4, with full-year EPS estimates of $7.18 in fiscal 2027, $7.88 in fiscal 2028 and $8.65 in fiscal 2029. The estimates suggest a path for longer-term earnings expansion. Jack Henry & Associates Coverage Initiated at KeyCorp
• Positive Sentiment: Jack Henry’s analyst/investor day materials provide investors with additional company updates and strategic context, potentially reinforcing interest in the financial-technology provider. Jack Henry and Associates Analyst/Investor Day Slideshow
• Neutral Sentiment: A banking technology survey highlighted intensifying competition and pressure to adopt emerging technologies across the industry. The findings may increase focus on vendors such as Jack Henry, but the survey did not provide a company-specific financial update.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company’s products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.